The structural correction of accumulated macroeconomic imbalances requires a predictable institutional and tax framework, the sustained reduction of the public debt levels, and the pursuance of structural reforms fostering investment, innovation and factor mobility
The increase in factor mobility
and improved communication systems make tax bases more mobile and make tax avoidance less costly.
Transport improvements are required to connect markets, boost factor mobility
, and help modernise Ghana's urban economies.
Here, several speakers emphasized that the rich literature on optimum currency areas can be a valuable reference, as it discusses mitigating factors such as factor mobility
, diversification, financial integration, and fiscal mechanisms in the face of such asymmetric shocks.
In the absence of full wage and price flexibility, the criteria for constituting an OCA is the existence of a high degree of production factor mobility
within the area in question.
Communality values, eigen values and factor mobility
properties indicate that the concentrations of Fe, Cr influenced by surface water and ground water form a ferrochrome which occurred earlier than Ni, Co in settling ponds.
Regional trade is more sensitive to transport costs, scale economies and factor mobility
than global trade.
3: Factor mobility
, agriculture, environment and quantitative studies.
In fact, if diminishing marginal returns were always valid, with factor mobility
economic activities would be relatively uniformly distributed over space: Cities may disappear, and the huge income differences between developed countries and developing countries may disappear.
Absent factor mobility
, fiscal transfers across countries could also ease the adjustment to temporary shocks without recourse to exchange-rate changes.
The consequences of factor mobility
onto educational choices in developing countries
Third, the removal of barriers to factor mobility
can induce further organizational changes, sometimes adversely affecting consumers, which suggests a potential complementarity between trade policy and corporate governance policy.